Warning that expenses could escalate, the oil major pointed out that it is too early to quantify other potential costs and liabilities associated with the incident.
"We have to improve the institutional framework of companies... (and) need to give more powers and authority to independent directors. Also, the regulations should be enforced much faster," said Infy board member T V Mohandas Pai. Noting that the Satyam case is an aberration and unlikely to affect the domestic IT industry, Pai said the law needs to be amended to ensure that auditing standards are enforceable.
Veteran actor Mohan Joshi, Dasmodar Ganesh Bapat, who is working towards eradication of leprosy, and L Subadani Devi, Manipur-based weaver, were among those presented with Padma Shri.
Owner and chef of New York's Bhatti Indian Grill, Gaurav Anand offers four great recipes you can try at home.
Ashutosh Gowariker's What's Your Raashee? got a solid welcome at the Toronto International Film Festival on Saturday despite some groans that the 192 minute-long film is too unfocussed. Minutes before the red carpet ceremony for the movie, the director told rediff.com that he will be hugely busy with two very different projects in the next couple of years.
Tata Group company Tata Elxsi that is into product designing and animation on Thursday said it will increase its headcount by about 400 this year as the company looks to increase its services and businesses, specially in the US.
Historian Stanley Wolpert's book -- Shameful Flight -- revisits Partition, and lays the blame for one of the most horrific episodes of the 20th century squarely on the shoulders of a Briton, finds Arthur J Pais.
The company, which hired around 27,000 last financial year, will hire more this time on the back of a positive outlook for the overall economy.
Some unlikely celebrities are behind multiple campaigns to fight the fake news menace.
Comviva (formerly Bharti Telesoft) is in talks with several telecom service providers, including group company Bharti Airtel, to launch a SIM (or Subscriber Identity Module) card that allows up to 10 users to share the same mobile phone with their own specific numbers.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
The 26/11 attacks helped meditation guru Master Charles find the strong core of inner peace.
200 people were killed in the blasts last Thursday.
'We can't say that a year has gone by and it doesn't hurt. But that they didn't succeed, that we can say!' Voices from a memorial ceremony in New York for Rabbi Gavriel Holtzberg and his wife Rivika who were killed in the terror attacks.
'Whether the person who was held a hostage and was not harmed or it was a person who had lost a friend or were made to watch the murder of others, there was no call for revenge,' says Victoria Pitt, the writer and director of Secrets of the Dead: Mumbai Massacre.
India's second-largest information technology services provider, Infosys Technologies, has applied for a mere 405 visas till date for financial year 2009-10 - its lowest application count in recent years.
'Over the next 10 years we expect more than 100,000 new start ups to come up and create more than $500 billion in value and 3.5 million to be employed in these start ups.' 'And these are the start ups that will be solving India's problems.'
'During the lockdown if you terminate your employee, then you will face action under the NDMA.' 'This will be the first time something like this will happen in the history of India.'
Here's a look at the Oscar nominations, 2010.
Aseem Chhabra tries to guess which movies will be a part of Oscar history, if only as a nomination.
Chef Gaurav Anand, Arthur J Pais discovers, wants to change the rules of the game.
In this special presentation, Rediff.com / India Abroad writers amalgamate various perspectives; assimilate diverse experiences to gauge the pulse of New York City.
Acquin Pais tells us about the women who turn him on, his physique, and what fashion is all about.
With restaurants representing more than 120 cuisines including regional specialties, New York surely is the uncrowned gourmet capital of the world. Writes Arthur J Pais.
A specially-designated tribunal has lifted the ban on the Students Islamic Movement of India. Justice Geeta Mittal, a Delhi High Court judge who is heading the tribunal, said that the material given by the Home Ministry, justifying the ban on SIMI, was insufficient. The government maintains that SIMI still indulges in communal activities and it is a threat to the country.The organisation has been banned by the Centre for the last seven years.
While as many as 3,000 IT professionals were now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project.
Columbia University professor of medicine Gaurav Shah and his wife Falu are emerging as a high-profile singing couple. Arthur J Pais reports.
Arthur J Pais is captivated by mysterious, magical Peru.
Indian shuttlers had a relatively good day in office at the Indonesia Open Super Series Premier badminton tournament in Jakarta on Wednesday, with the women's doubles pair of Jwala Gutta-Ashwini Ponnappa and the men's team of Manu Attri-B Sumeeth Reddy progressing to the second round.
The duo, who is lodged in jail since February 23, has sought bail on the ground of parity with JNUStudent's Union President Kanhaiya Kumar, saying he has already been granted bail and the incident did not attract charges of sedition.
A year ago, Kia Scherr lost her husband and 13-year-old daughter in the Mumbai terror attacks. Yet, reports Arthur J Pais from Virginia, USA, they remain a constant presence in her life, as she channels grief into service.
Abhinav Kumar struck a defiant unbeaten 70 to guide Hyderabad to 237 for six on the opening day of their Ranji Trophy Super League Group A match against Himachal Pradesh in Hyderabad on Tuesday.
With the festival of lights just around the corner, things this year are looking brighter and sweeter for the software majors compared to one that went by, when they were struggling to grapple with the effects of the global meltdown.
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
'This proved that whatever was growing in the mosquito's gut was a parasite -- it was almost certainly the malarial parasite.'
Ronaldinho, who had a disappointing Club World Cup this month, has been elected South American footballer of the year in the annual poll conducted by the Uruguayan daily El Pais.
Rahman's Jai Ho: the Journey Home tour will take him to America, Canada and Europe.
Award-winning journalist and co-screenplay writer John Bowe picked a controversial topic for his book Nobodies: Modern American Slave Labour and the Dark Side of the New Global Economy, about how outsourcing, subcontracting, immigration fraud, and the relentless pursuit of 'everyday low prices' have created an opportunity for slavery to regain a toehold in America.
Srikantadatta Narasimharaaja Wadiyar has been elected President, while Brijesh Patel was voted back as Secretary in the Karnataka State Cricket Association in the polls held during its Annual General Meeting in Bangalore on Sunday.
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